Baboudjian Properties is very attentive to the retail/shopping center properties we manage. We devote ourselves to bring quality businesses as tenants. Our goal is to set long-term leases and yield a high return with a favorable CAP rate.
 
Leasing
Baboudjian Properties is an industry-leading resource, providing owners and investors with comprehensive leasing and targeted marketing strategies. Every leasing assignment at Baboudjian Properties begins with the goal to outperform the competitive set in the submarket. We constantly analyze market metrics to determine lease rates are at market value. Hard work and accountability combined with proactive communication to brokers and tenants and real-time market knowledge to clients, results in projects that lead their markets in rent, occupancy and retention.

Triple Net (NNN) Leases
With Triple Net (NNN) Leases, it is important to have a Property Management company that understands the concept of NNN thoroughly. At Baboudjian Properties, we are very attentive to the estimates we send to the tenants and the reconciliation that is done during year end of the actual versus estimated expenses.
 
Repairs / Maintenance
With a team of licensed and insured repair and maintenance service professionals, Baboudjian Properties has the resources and technical skills to address nearly all repair and maintenance needs.  With our computerized work order system, service requests are responded to promptly and regularly scheduled service calls can be coordinated to address your routine repair and maintenance needs.  This system allows us to track repair and maintenance issues in order to anticipate future needs. As a professional property management company, we work to stay on top of the following important issues:

 

     - Responding to Tenant Service Calls

     - Preparing a Preventative Maintenance Program

     - Implementing Cost Effective Maintenance for Properties


Financial Management and Reporting

     Annual Operating Budget Development

     Annual CAM Reconciliations

     Customized Monthly Reporting

     Preparation of Monthly Budget Comparison and Variance Reports

     Monthly Rent Roll

     Monthly Receivables/Aging Report

     Monthly Rent Statements

     Expense Reconciliation

     Cash Management

     Compliance with Providing Property Information for Loan Covenants